12th Jan 2016 09:14
(ShareCast News) - New London letting values were up 17.9% for Great Portland Estates in the third quarter compared to the end of its last financial year, as it secured 15 letting agreements. In the three months to the end of December 2015, lettings were agreed on 122,600 square feet of its properti
Read more5th Jan 2016 07:38
(ShareCast News) - Great Portland Estates has exchanged contracts to sell 60 Great Portland Street for £102.2m, in line with the September 2015 valuation. The property will be sold to the Cityhold Office Partnership, a joint venture between the TIAA-CREF General Account and Swedish national pension
Read more15th Dec 2015 07:44
(ShareCast News) - Great Portland Estates has arranged a new £90m five year non-recourse loan for The Great Ropemaker Partnership. The 50:50 partnership between the FTSE 250 company and BP Pension Fund's property holding company Ropemaker Properties has been operating since 2008 to own and develop a
Read more7th Dec 2015 11:29
(ShareCast News) - Deutsche Bank has upgraded Land Securities from 'hold' to 'buy' and downgraded British Land Company from 'buy' to 'hold' as it re-evaluates the UK real estate sector. The investment bank said in its industry update on Monday that the sector is close to high cycle conditions. "We
Read more12th Nov 2015 16:52
(ShareCast News) - The great divide in property values is still growing between London and the rest of the UK - and that's all the more reason to hold on to shares in Great Portland Estates, said The Telegraph on Thursday. Rents at the investment trust were pushed up 6.5% in the six months to 30 Sep
Read more11th Nov 2015 07:41
(ShareCast News) - Great Portland Estates posted a 15.7% rise in first half pre-tax profit and a 14% jump in net asset value per share on the back of solid leasing activity. NAV per share rose to 808p in the six months to the end of September, while pre-tax profit came it at £24.3m, largely reflecti
Read more17th Sep 2015 14:38
(ShareCast News) - Great Portland Estates' investment director, Ben Chambers, will leave the business to set up his own company. Chambers has agreed to stay on at Great Portland until the end of March 2016 to facilitate a smooth handover to a new investment director once an appointment has been made
Read more11th Sep 2015 10:26
(ShareCast News) - Great Portland Estates has pre-let all of the office space in its development at Rathbone Square in central London to social media group Facebook. It said Facebook has signed an unconditional agreement to lease the entire 227,324 square feet. It will occupy the building on a 15-ye
Read more17th Aug 2015 13:13
(ShareCast News) - Barclays initiated coverage of Great Portland Estates at 'overweight' with a 977p price target. It said the stock offers exposure to a London office and retail portfolio, focused in the sweet spot of the thriving city sub-markets. "Driving rental growth through portfolio position
Read more31st Jul 2015 17:05
(ShareCast News) - Investec upgraded its rating for property investment company Great Portland to 'buy' from 'hold' and upped its price target to 912p. Analysts from Investec said in a note strong investment demand continued to place downward pressure on yields while an occupational market supply sq
Read more31st Jul 2015 16:44
(ShareCast News) - UBS reiterated its 'buy' recommendation on 'big data' software company WANdisco but slashed its target price by more than half to 330p, though this still offered a 69% upside on Thursday's closing price. Sheffield-based WANdisco reported second-quarter bookings of $2.4m, down 29%
Read more8th Jul 2015 08:07
A trading update from Great Portland Estates for the first quarter showed that rents are growing across its London office property portfolio and that development activity levels remain high. In the period since its 31 March year end, the FTSE 250 company signed 17 new lettings at an annual rent of £
Read more1st Jun 2015 09:48
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read more20th May 2015 13:36
BHP Billiton: Credit Suisse reiterates outperform and 1,350p target. Associated British Foods: Credit Suisse reiterates outperform and 3,250 target. BP: RBC Capital ups target to 500p from 490p and reiterates outperform. Royal Dutch Shell: Canaccord Genuity reiterates buy and 2,275p target. Vedan
Read more20th May 2015 08:40
Real estate investment trust Great Portland Estate reported higher returns and profits for the financial year, as the value of its portfolio soared. The FTSE 250 group said its EPRA net asset value per share rose 24.6% year-on-year to 709p in the 12 months to the end of March, while EPRA pre-tax pro
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